Co-ownership of vessels: A Modern Investment Solution
The idea of co-ownership is gaining more and more supporters in the yachting industry, offering an affordable and practical solution for those who wish to invest in the sea in a unique way. Through YachtingMates, the process of co-ownership is made simple, transparent and efficient, making it the ideal choice for both new investors and experienced yachting professionals.
Boat ownership is a modern investment solution, operating on the model of percentage ownership. In practice, the co-owners share the costs and the benefits of owning a boat. It is an approach that allows access to high quality and class vessels without the financial burden of exclusive ownership. Particularly for investment purposes, this model makes the operation of vessels more economical and efficient
The Advantages of Joint Ownership
1. Cost reduction
Boat ownership is a modern investment solution, where the initial purchase cost and expenses – until they are covered by the charter fees – such as maintenance, insurance, mooring and so on, are shared between the co-owners, significantly reducing the financial burden for each YachtingMate co-owner. This allows investors to gain access to larger, newer, chronologically older and superior class vessels without bearing the full cost alone.
2. Dispersion of Economic Risk
Co-ownership allows investors to share the overall investment risk, as they share not only the income but also any losses and expenses with other co-owners. In addition, investors can allocate their capital to a percentage of different vessels, further reducing the dependence on the performance of a single vessel, let alone ensuring income from multiple sources. Although investment always involves risk, the diversification of this and the flexibility of YachtingMates’ co-ownership programmes offer greater protection and adaptability.
3. Flexibility in Use
Through the YachtingMatesApp, the co-owners have full access to all the information of the boat, such as maintenance history, the repairs, their balance sheets and the successive documents. The application allows not only easy and fair planning regarding the personal use of the vessel by each co-owner, but also transparency in its financial and operational information, giving co-owners full control and increasing confidence in their investment.
4. Professional Management
YachtingMates takes over the complete management of the yacht, from maintenance, docking, manning or administrative procedures. In addition, it undertakes the complete propulsion of the vessel, while integrating it into a wide clientele with partners from Greece and abroad. Our team takes care of the management and supervision of the chartering plan, ensuring maximum performance and proper exploitation of the vessel, making it profitable for all co-owners.
How Co-Ownership through YachtingMates Works
The process starts with choosing the right one for you available package/quantity of vessel to be moored, from the available schedules at any given time. Η YachtingMates provides a wide range of options, from luxury yachts, sailing yachts and catamarans, covering the needs and preferences of every investor. YachtingMates manages the yacht, ensuring that it is always in perfect condition and ready for use, maximising returns in terms of charter rates, but maintaining the resale value of the yacht. In addition, you gain access to the YachtingMatesApp app specific to your boat, allowing you to have complete oversight from first to last. At the end of each year, a balance sheet of the yacht is carried out, and after covering the yacht’s operating costs, the income is distributed proportionally to the co-owners. So simple!
Boat co-ownership is therefore a modern investment solution offering a unique opportunity to gain access to the world of yachting without bearing the full cost and responsibilities of exclusive ownership. Η YachtingMates is by your side throughout your investment journey with specialized management services, thus making the process simple, efficient and tailored to your needs. Whether you are looking for a personal experience at sea or a profitable investment, boat ownership is definitely an option worth exploring. As always, we will be happy to contact us for any clarification.
